$BTC ๐ธ
Bitcoin Struggles Below Key Levels: Will $94,820 Support Hold or Break?
Bitcoin (BTC) remains under short-term bearish pressure, trading below critical moving averages and clinging to a key support zone.
๐ฐ BTC Price: $95,253.96
๐ Change: -1.82%
Key Levels to Watch
๐ Support: $94,820 (24-hour low)
๐ Resistance: $98,130 (24-hour high), with $100,000 as the next psychological barrier.
Whatโs Next for BTC?
๐ Bearish Outlook:
If BTC breaks below $94,820 with significant volume, expect further downside, potentially testing $94,000.
๐ Bullish Comeback:
A recovery above $95,740 (MA25) could ignite bullish momentum, targeting $98,130 next.
Trading Strategies
๐ Bulls: Wait for a confirmed breakout above $95,740 before entering long positions.
๐ป Bears: Short positions may be viable if $94,820 support gives way under strong selling pressure.
๐ก Pro Tip
Markets are volatile, and opportunities arise with preparation! Keep an eye on volume and market sentiment to refine your entry and exit points.
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